MSA Safety Inc. (NYSE:MSA) Receives $57.33 Consensus Target Price from Analysts
Shares of MSA Safety Inc. (NYSE:MSA) have earned a consensus rating of “Buy” from the six analysts that are presently covering the firm. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $57.33.
A number of analysts have issued reports on the company. Robert W. Baird lowered MSA Safety from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $54.00 to $57.00 in a research note on Friday, July 22nd. Stifel Nicolaus raised MSA Safety from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Tuesday, June 14th.
MSA Safety (NYSE:MSA) opened at 57.13 on Monday. MSA Safety has a 52-week low of $37.68 and a 52-week high of $58.62. The firm has a market cap of $2.14 billion, a PE ratio of 27.13 and a beta of 1.62. The firm has a 50-day moving average of $56.34 and a 200-day moving average of $52.19.
MSA Safety (NYSE:MSA) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. MSA Safety had a return on equity of 19.19% and a net margin of 6.69%. The firm had revenue of $296 million for the quarter, compared to analyst estimates of $301.02 million. During the same period last year, the company earned $0.67 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. Equities analysts anticipate that MSA Safety will post $2.76 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 10th. Stockholders of record on Thursday, August 18th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Tuesday, August 16th. MSA Safety’s dividend payout ratio is currently 64.39%.
In other news, insider William M. Lambert sold 19,200 shares of MSA Safety stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $55.03, for a total value of $1,056,576.00. Following the transaction, the insider now directly owns 162,806 shares of the company’s stock, valued at approximately $8,959,214.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas K. Mcclaine sold 4,731 shares of MSA Safety stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $56.00, for a total value of $264,936.00. Following the completion of the transaction, the insider now directly owns 36,428 shares in the company, valued at $2,039,968. The disclosure for this sale can be found here. 15.53% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA bought a new stake in shares of MSA Safety during the second quarter valued at approximately $793,000. Silvercrest Asset Management Group LLC increased its stake in shares of MSA Safety by 10.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 2,109,823 shares of the company’s stock valued at $102,010,000 after buying an additional 192,279 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of MSA Safety during the first quarter valued at approximately $2,814,000. Goldman Sachs Group Inc. increased its stake in shares of MSA Safety by 22.9% in the first quarter. Goldman Sachs Group Inc. now owns 509,344 shares of the company’s stock valued at $24,627,000 after buying an additional 95,030 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of MSA Safety by 8.7% in the first quarter. Meeder Asset Management Inc. now owns 13,018 shares of the company’s stock valued at $629,000 after buying an additional 1,047 shares during the last quarter. 60.18% of the stock is currently owned by institutional investors and hedge funds.
About MSA Safety
Mine Safety Appliances Company is engaged in the development, manufacture and supply of products that protect people’s health and safety. The Company’s line of safety products is used by workers worldwide in the fire service, homeland security, oil and gas, construction and other industries, as well as the military.
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